What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S8325
Title of bill
An act authorizing the lease of lands located at the state university of New York college at Farmingdale
Purpose
This bill provides ground leasing authority to State University of New York College at Farmingdale in order to aid in the development Broad Hollow Bioscience Park.
Summary of provisions
Section 1 provides legislative findings.
Section 2 provides a definition for Broad Hollow Bioscience Park.
Section 3 provides SUNY land lease authority on the campus of Farmingdale.
Section 4 provides that certain contracts shall be subject to MWBE requirements.
Section 5 provides that certain contracts shall be subject to public work requirements under the Labor Law.
Section 6 provides that rights and protections of SUNY employees will be preserved.
Section 7 provides that any contract/lease in excess of $1 0 million of which 25% or more is paid from SUNY monies shall be undertaken pursuant to a project labor agreement.
Section 8 details terms and conditions of contracts and leases.
Section 9 requires the lease include an indemnity clause.
Section 10 requires competitive bidding.
Section 11 describes the parcel to be leased.
Section 12 provides a three year window for execution of any lease agreement.
Section 13 provides that the provisions of this act shall be controlling when in conflict with other laws.
Section 14 contains the effective date.
Justification
Broad Hollow Bioscience Park, on the campus of State University of New York College at Farmingdale, is a non-profit biotechnology facility park. The Broad Hollow Bioscience Park is devoted to supporting the development of biotech start-up companies by utilizing shared facility resources and the resources of the Farmingdale State College campus, partnering with surrounding businesses and research institutions, and clustering the growing biotech companies into the Route 110 Bioscience Corridor.
Broad Hollow Bioscience Park is a significant pathway through which SUNY can contribute to the economic revitalization of the region and State, consistent with the State University's strategic plan By providing State University of New York College at Farmingdale new ground lease authority, this bill would greatly enhance the capacity for further development of the bioscience park. The furtherance of the already successful public-private partnership model will benefit the professional and educational opportunities of the students at Farmingdale State College, as well as the economic development and employment opportunities of the surrounding community.
Legislative history
New bill.
Fiscal implications
None.
Effective date
Immediate.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.